Flex Building on Major
For Sale
Contact for pricing
1131 Fort Worth Dr, Denton, TX 76205
Sale is contingent as seller leases roughly 5,000 SF on a new 5-year term with options.
Property Size9,812 SF
Price / SF$224.22
Days on Market324
Property Features for 1131 Fort Worth Dr
General Information
Standard status
Active
Size
9,812 SF
Property subtype
RETAIL
Site & Location
Traffic Count
21,000 vehicles/day
Highway Access
Yes
Listing Agency:
Stag Commercial
(972) 345-0609
Listed By:
Jim Hanking · License #0543503
(972) 345-0609
Source:
Moodyscre
Added: Sep 10, 2025
Changed: Jul 25
Last Checked: Jul 29 at 3:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stag Commercial
Investment Insights
Based on property information with market context.
This retail, office, and industrial-flex building totals 9,812 square feet and is currently occupied by the seller in approximately 5,000 square feet. The sale is contingent on the seller leasing that space back, with the seller signing a 5-year lease followed by two additional 5-year options, with negotiable rent.
Located on a busy section of Fort Worth Dr. (Hwy 377), the property benefits from documented traffic of over 21,000 vehicles per day. The building is suited for a wide range of retail and office use, with flexibility for prospective tenants seeking a mixed-use configuration.
The existing setup and current occupancy provide a practical framework for a buyer looking for a functional flex building with defined lease terms in place at the time of transfer.
Located on a busy section of Fort Worth Dr. (Hwy 377), the property benefits from documented traffic of over 21,000 vehicles per day. The building is suited for a wide range of retail and office use, with flexibility for prospective tenants seeking a mixed-use configuration.
The existing setup and current occupancy provide a practical framework for a buyer looking for a functional flex building with defined lease terms in place at the time of transfer.
Key Highlights
- Busy Fort Worth Dr. (Hwy 377) frontage with 21,000+ vehicles per day
- Retail/office/industrial building with a flexible mix of retail and office uses
- Sale contingent on seller leasing approximately 5,000 SF on a new 5‑year term
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.9k | $27.00 |
| − Vacancy | −$59.6k | −$6.08 |
| EGI | $205.3k | $20.93 |
| − OpEx | −$51.3k | −$5.23 |
| NOI | $154.0k | $15.69 |
9,812 SF · lease $27.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.20M
$1.92M – $2.57M
NOI $153,987 @ 7.0% cap · market cap 7.00%
Second Best
Retail
$2.05M
$1.80M – $2.40M
NOI $143,741 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,591 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Sale is contingent as seller leases roughly 5,000 SF on a new 5-year term with options.
Where is this flex space located?
The property is located at 1131 Fort Worth Dr Denton, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Busy Fort Worth Dr. (Hwy 377) frontage with 21,000+ vehicles per day; Retail/office/industrial building with a flexible mix of retail and office uses; Sale contingent on seller leasing approximately 5,000 SF on a new 5‑year term
